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What is the difference between trade discount and sale discount?

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Question added by MUHAMMED SAIFUDHEEN , General Accountant , Genomedia studios LLC
Date Posted: 2018/04/02
Muhammad Zain
by Muhammad Zain , Accounts Officer , 3S Systems - C.GROUP

In my opinion:

Trade discount given when the buyer is an old customer and sales are made in bulk while Sale discount given when a seller is in immediate need of cash.

Example: Sale discount 2/10 net 30 terms, where a costumer can take a two percent discount if it pays an invoice within ten days of the invoice date.

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